China Yuchai International (NYS: CYD) reported earnings on Aug. 10. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), China Yuchai International missed estimates on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue contracted and GAAP earnings per share contracted significantly.
Gross margins improved, operating margins dropped, net margins contracted.
China Yuchai International booked revenue of $538.6 million. The one analyst polled by S&P Capital IQ predicted a top line of $554.8 million on the same basis. GAAP reported sales were 13% lower than the prior-year quarter's $621.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.28. The one earnings estimate compiled by S&P Capital IQ forecast $0.52 per share. GAAP EPS of $0.28 for Q2 were 56% lower than the prior-year quarter's $0.64 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 19.7%, 50 basis points better than the prior-year quarter. Operating margin was 6.1%, 110 basis points worse than the prior-year quarter. Net margin was 2.0%, 190 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $557.4 million. On the bottom line, the average EPS estimate is $0.47.
Next year's average estimate for revenue is $2.32 billion. The average EPS estimate is $2.95.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 356 members out of 387 rating the stock outperform, and 31 members rating it underperform. Among 47 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 40 give China Yuchai International a green thumbs-up, and seven give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on China Yuchai International is hold, with an average price target of $15.50.
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The article The Gory Details on China Yuchai International's Double Fumble originally appeared on Fool.com.
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